Leases (Tables)

12 Months Ended

Sep. 30, 2022

Leases

Schedule of components of lease costs

The components of lease costs are shown below:

	Year Ended		Year Ended
	September 30,		September 30,
(Dollars in thousands)	2022		2021
Finance lease cost:
Amortization	$	1,572		2,413
Interest on lease liabilities		973		1,235
Operating lease cost		6,347		5,879
Total lease cost	$	8,892		9,527

Schedule of additional information related to leases

Additional information related to leases is shown below:

	Year Ended			Year Ended
	September 30,			September 30,
(Dollars in thousands)	2022			2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	6,101			5,504
Operating cash flows from finance leases		973			1,228
Financing cash flows from finance leases		1,224			1,757
Right-of-use assets obtained in exchange for operating lease liabilities	$	4,160			15,609
Weighted-average remaining lease term:
Operating leases		9.3	yrs		10.3	yrs
Finance leases		12.0	yrs		11.7	yrs
Weighted-average discount rate:
Operating leases		3.2	%		3.1	%
Finance leases		4.6	%		4.2	%

Schedule of reconciliation of future undiscounted cash flows to the operating and finance lease liabilities, and the related ROU assets

The table below is a reconciliation of future undiscounted cash flows to the operating and finance lease liabilities, and the related ROU assets, presented on our Consolidated Balance Sheet on September 30, 2022:

(Dollars in thousands)	Operating		Finance
Years Ending September 30:	Leases		Leases
2023	$	5,953		2,256
2024		5,132		2,315
2025		3,790		2,370
2026		2,881		2,434
2027 and thereafter		17,029		18,997
Total minimum lease payments		34,785		28,372
Less: amounts representing interest		4,760		7,189
Present value of net minimum lease payments	$	30,025		21,183
Less: current portion of lease obligations		5,172		1,331
Non-current portion of lease obligations		24,853		19,852
ROU assets	$	29,150		17,343

The table below is a reconciliation of future undiscounted cash flows to the operating and finance lease liabilities, and the related ROU assets, presented on our Consolidated Balance Sheet on September 30, 2021:

(Dollars in thousands)	Operating		Finance
Years Ending September 30:	Leases		Leases
2022	$	5,448	3,153
2023		4,679	3,235
2024		4,032	3,319
2025		3,654	3,399
2026 and thereafter		20,453	25,516
Total minimum lease payments		38,266	38,622
Less: amounts representing interest		5,691	9,092
Present value of net minimum lease payments	$	32,575	29,530
Less: current portion of lease obligations		4,543	2,180
Non-current portion of lease obligations		28,032	27,350
ROU assets	$	31,846	24,964